EAGLE STAR LIFE INSURANCE

Eagle Star Life Assurance founded in early 1900's is one of the best known brand names in the UK insurance industry, with its head office in Cheltenham. Eagle Star Life Assurance in 1984 became part of the BAT Zurich Life Assurance Group.

 Eagle Star Life Insurance was once a major force in the mortgage protection market place with brokers, then slowly disappeared as a brand as the mortgage market slowly moved from endowments to repayment mortgages.  

Eagle Star closed to new Uk life insurance business but remains in Ireland as a life insurance brand name. They recommend that you talk to your financial adviser before making any changes where applicable. Currently Eagle Star Life Insurance no longer market their products beyond their existing customer base.

Zurich owns both Eagle Star & Allied Dunbar, a trading name of the Zurich Financial Services Group.

 Looking in 2020 to compare old Eagle Star Life Insurance products. 

 EAGLE STAR LIFE INSURANCE  -  OLD PRODUCT REVIEW | 2020

Although no longer available for new UK protection business, you maybe able to adjust your existing Eagle Star Life policy contacting either Zurich or an Independant Broker.

EAGLE STAR MORTGAGE PROTECTION 

Designed to cover a repayment mortgage on death as it decreases during the plan term.

EAGLE STAR WHOLE OF LIFE INSURANCE COVER 

A whole of life policy that will always payout whenever death may occur - Rainbow Universal Life Plan. Premiums maybe reviewable in the future.

EAGLE STAR LIFE INSURANCE 

Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.

EAGLE STAR CRITICAL ILLNESS COVER  

Helps ease financial worries if you or your children are diagnosed with a critical illness as specified by Eagle Star Life Insurance.

EAGLE STAR INCOME PROTECTION 

Providing security by way of an income if you are off sick or have an accident or disability.

EAGLE STAR OVER 50'S LIFECOVER 

A no medical evidence policy that always payout whenever death may occur but only after an initial period.

EAGLE STAR MORTGAGE ACCIDENT SICKNESS REDUNDANCY 

Protect your mortgage payments & bills if off sick, have an accident or lose your job.

EAGLE STAR BUSINESS PROTECTION 

Offering company protection for a key person, share protection or an employee dies, is diagnosed with a critical or terminal illness during the term.

EAGLE STAR ENDOWMENT POLICY 

Offered protection if the policy holder dies or is diagnosed with a critical or terminal illness during the mortgage plan term; Designed to provide a lump sum at the end to be used usually toward repayment of an endowment interest only mortgage loan.

Compare old EAGLE STAR Life Insurance against Uk Insurers

EAGLE STAR LIFE INSURANCE - Frequently Asked Broker Questions

Can you make changes to your Eagle Star life insurance policy ?

In terms of changing your life insurance policy, often you can request some of the following via Zurich:

• reduce or perhaps extend the period of cover
• decrease or increase the amount of lifecover
• remove indexation option or any specific paid for policy features
• change the collection date of your usual premiums
• remove a life assured from a joint policy
• joint life policy separation, allowing a joint policy to be split into 2 new single policies if a couple divorce, split up or say change a joint mortgage into a sole name. 

The changes could be subject to medical underwriting based on your circumstances at the time & may well affect your premiums.

What if my health or lifestyle changes after I have taken the Eagle Star policy out ?

Life Insurance cover is based on full disclosure at the time you took the policy out ie; being 100% as honest & accurate as possible. So any health or lifestyle changes since usually does not void your existing policy, as it wasn't relevant at that time of initial application. Please check your original T&C's 

How do I make a Death Claim ?

Check firstly if premiums are still being paid or alternatively is the policy perhaps "paid up" meaning no further premiums were needed. 

Then contact the Insurers claims line to inform them. They will provide you with their claim form for completion. You will need to send in a number of documents, most importantly being the death certificate proving the cause of death.

Insurers ( as well as other Providers ) will need the original death certificate, so ideally ask for several certified copies. Enclose your policy document, if you can find it and then send by recorded delivery or registered post to Insurers. 

Once received, the Insurers usually cross check all information before processing and settling a valid claim ie; was the medical & lifestyle information correct at the time of original application

If everything is hopefully in order, the Insurer may pay out a claim & usually in a matter of days or weeks.

Death Claims, Life Insurance Trusts & Life of Another

Who the life insurance maybe actually then paid out to can be more complicated & many people wrongly assume it is a simple process.

If it is a joint life 1'st death policy or if it single life policy owned by another person " life of another"  then it will just be paid to the survivor. 

However, if it is a single life policy it can be more complex. Check if the policy was setup & written into a trust. If so the Insurer will pay the life insurance via the trustees named to the nominated beneficiaries directly. Sometimes there are a named beneficiary & others times a list of potential beneficiaries. The life insurance paid out doesn’t have to be included in the legal documents sent for probate and potentially it won’t be liable for inheritance tax either.

Should I put my Eagle Star Life Insurance policy into Trust ?

If the life insurance wasn’t written into trust, it will be paid to the executors of the deceased’s estate. They will handle the administration, known as probate in N Ireland, England, Wales and confirmation in Scotland. If not, the benefits will fall into your estate if you died prematurely. If you have not made a will this can then cause further complications with the life insurance monies.

Until probate is fully granted, no monies can be paid out to those named in the will. On average, this can take upto 6 months. By not placing the plan into trust may also swell up the total estate values, leading to potentially Inheritance Tax IHT issues

So placing a policy in trust can help to ensure that the policy proceeds go to the correct beneficiaries you decide to nominate at that stage & help avoid possible probate delays & IHT costs. Ask the Insurers if they provide any standard trust form wordings & seek legal advice if unsure.

If I started smoking after taking out my Eagle Star Life Insurance - Do I need to now tell them ?

If you had legitimately stopped smoking for over 12 months at that time of original application, you may wish to advise the Insurers you have started smoking again - but this should not affect the original policy terms which should still stand - you were being honest. Also maybe suggest letting your GP know if this is the case. 

Article on:  Eagle Star Life Insurance ~ for more information visit www.zurich.co.uk *

( * Note: You are now leaving the regulated site of Uk Life Insurance Quotes. Neither ourselves, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.)

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Eagle Star Life Insurance Company Review 2020 

Eagle Star Insurance

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